HomeMy WebLinkAbout1983 09 30 Audited Financial Report - City of Friendswood 1
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AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
CITY OF FRIENDSWOOD, TEXAS
FRIENDSWOOD, TEXAS
September 30, 1983
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CONTENTS
' Page
Accountants' Report 4
Audited Financial Statements
Combined Balance Sheet - All Fund Types and Account
Groups 5
Combined Statement of Revenues, Expenditures and
' Changes in Fund Balances - All Governmental Fund
Types and Expendable Trust Funds 9
' Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budgeted and Actual -
General, Special Revenue and Debt Service Fund Types 11
' Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balances -
Proprietary Fund Type and Similar Trust Fund 13
Combined Statement of Changes in Financial Position -
Proprietary Fund Type and Similar Trust Fund 17
Notes to Financial Statements 18
' General Fund - Statement of Revenues - Budgeted and
Actual 30
General Fund - Statement of Expenditures - Budgeted and
Actual - By Function 31
General Fund - Statement of Expenditures - Budgeted and
Actual - By Object 32
Water and Sewer Fund - Statement of Revenues and
Expenses - Budgeted and Actual 37
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Other Financial Information
Water and Sewer Fund - Long-Term Debt - By Maturity Date 39
General Long-Term Debt Account Group - General Long-Term
Debt - By Maturity Date 41
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CONTENTS - 2
' Exhibit
Number Page
Other Financial Information (continued)
General Revenue - By Source I 43
' General Governmental Expenditures - By Function II 45
Tax Revenues - By Source III 47
' Property Tax Levies and Collections IV 48
' Assessed and Estimated Actual Value of Taxable
Property V 50
Ratio of Net General Bonded Debt to Assessed
' Value and Net Bonded Debt Per Capita VI 52
Tax Rate Distribution for Debt Service VII 54
1 Ratio of Annual Debt Service Expenditures
For Direct Tax Supported Debt to Total
General Governmental Expenditures VIII 55
Schedule of Revenue Bond and Combination
Revenue and Tax Bond Coverage IX 56
Schedule of Insurance in Force 58
tPrincipal Taxpayers 62
Principal Officials 63
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EdRL blIRSON 8 CO.
A PROFESSIONAL CORPORATION
GEETIFIED PUBLIC ACCOUNTANTS
713-880-0830 2100 WEST 18T" STREET
P. O.BOX 500017 SUITE 202
HOUSTON,TEXAS 77250-0017 HOUSTON,TEXAS 77008
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Honorable Mayor and MPmhers of
City Council
ICity of Friendswood, Texas
We have examined the combined financial statements of the City of Friendswood,
Texas and the individual fund and account group financial statements of the
City as of and for the year ended September 30, 1983, as listed in the table of
contents. Our examination was made in accordance with generally accepted
auditing standards and, accordingly, included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
circumstances.
In our opinion, the combined financial statements referred to above present
fairly the financial position of the City of Friendswood, Texas at September 30,
1983, and the results of its operations and the changes in financial position of
its proprietary fund type for the year then ended, in conformity with generally
accepted accounting principles applied on a basis consistent with that of the
preceding year. Also, in our opinion, the individual fund and account group
financial statements referred to above present fairly the financial position of
the individual funds and account groups of the City of Friendswood, Texas at
September 30, 1983, and the results of operations of such funds and the changes
in financial position of the proprietary fund for the year then ended, in
conformity with generally accepted accounting principles applied on a basis
consistent with that of the preceding year.
Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole and on the individual fund and account
group financial statements. The accompanying other financial information as
listed in the table of contents is presented for purposes of additional analysis
and is not a required part of the combined financial statements of the City of
Friendswood, Texas. The information has been subjected to the auditing pro-
cedures applied in the examination of the combined, individual fund, and account
group financial statements and, in our opinion, is fairly stated in all material
respects in relation to the combined financial statements taken as a whole.
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ii21.401 AtitiMO;t0
Houston, Texas
IDecember 2, 1983
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
CITY OF FRIENDSWOOD, TEXAS
September 30, 1983
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GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL 1
ASSETS GENERAL REVENUE SERVICE PROJECTS
CASH - including certificates
of deposit 1983 - $911,902;
1982 - $1,700,453 $479,527 $ 1 $153,535 $253,065
RECEIVABLES - net where '
applicable, of allowances
for uncollectibles
Taxes 85,098 38,784 '
Accounts 29,460
Grantor agencies 17,497
DUE FROM OTHER FUNDS - Note 3 284,876
ADVANCES TO JOINT VENTURE
PREPAID EXPENSES AND
OTHER ASSETS 3,928
RESTRICTED ASSETS
Cash - including certificates
of deposit 1983 - $590,467
1982 - $421,239
Accrued interest
Land
GENERAL FIXED ASSETS - at cost
PROPERTY, PLANT AND EQUIPMENT - '
at cost less accumulated
depreciation - Note 7
AMOUNT AVAILABLE IN DEBT 11
SERVICE FUNDS
AMOUNT TO BE PROVIDED FOR 1
RETIREMENT OF GENERAL LONG-
TERM DEBT
TOTAL ASSETS $882,889 $ 17,498 $192,319 $253,065 I
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IIPROPRIETARY FIDUCIARY TOTALS
FUND TYPE FUND TYPES ACCOUNT GROUPS (MEMORANDUM ONLY)
GENERAL GENERAL
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TRUST AND FIXED LONG-TERM
ENTERPRISE AGENCY ASSETS DEBT 1983 1982
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$ 244,224 $171,507 $ 1 ,301 ,859 $ 1 ,901,975
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123,882 142,474
188,044 217,504 217,868
17,497 28,350
I425 285,301 146,538
II - 56,230
5,000 8,928 12,994
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II582,382 15,519 597,901 567,980
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57,200 57,200 57,200
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$7,355,604 7,355,604 6,013,703
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12,527,217 12,527,217 12,718,103
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$ 186,110 186,110 145,075
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4,373,053 4,373,053 4,460,347
I $13,547,292 $244,226 $7,355,604 $4,559,163 $27,052,056 $26,468,962
IISee accompanying notes to financial statements.
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 11
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GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
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GENERAL REVENUE SERVICE PROJECTS
LIABILITIES AND FUND EQUITY
LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED
EXPENSES $190,639 $ 8,292
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds - current portion
Deposits
DUE TO OTHER FUNDS - Note 3 $17,497 35,000
DEPOSITS 2,440
DEFERRED REVENUE 85,098 $ 38,784
LEASE OBLIGATION
REVENUE BONDS AND COMBINATION
REVENUE AND TAX BONDS PAYABLE
GENERAL OBLIGATION BONDS AND
CERTIFICATES OF OBLIGATION
TOTAL LIABILITIES 278,177 17,497 38,784 43,292
FUND EQUITY
CONTRIBUTED CAPITAL
INVESTMENT IN GENERAL FIXED
ASSETS
RETAINED EARNINGS
Reserved for revenue bond
retirement
Reserved for construction I
Unreserved
FUND BALANCES
Reserved for encumbrances 160,000
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Reserved for prepaid expenses
Reserved for endowments
Reserved for performance
deposits11
Reserved for park expenditures
Unreserved
Designated for construction 209,773
Designated for debt service 153,535
Undesignated 444,712 1
TOTAL FUND EQUITY 604,712 1 153,535 209,773
TOTAL LIABILITIES
AND FUND EQUITY $882,889 $17,498 $192,319 $253,065
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PROPRIETARY FIDUCIARY TOTALS
FUND TYPE FUND TYPES ACCOUNT GROUPS (MEMORANDUM ONLY)
GENERAL GENERAL
II TRUST AND FIXED LONG-TERM
ENTERPRISE AGENCY ASSETS DEBT 1983 1982
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$ 68,341 $ 165 $ 267,437 $ 135,355
' 66,850 66,850 68,000
135,000 135,000 130,000
55,737 55,737 52,597
II 79,912 152,892 285,301 146,538
2,440 3,310
123,882 142,474
$ 53,663 53,663 70,422
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3,510,000 3,510,000 3,410,000
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3,915,840 153,057 4,505,500 4,505,500 4,535,000
4,559,163 9,005,810 8,693,696
I7,817,412 7,817,412 7,817,412
$7,355,604 7,355,604 6,013,703
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324,795 324,795 118,660
II - 132,497
1,479,245 1,479,245 1,596,854
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10,000 170,000 11 ,956
662
67,200 67,200 67,200
II - 51 ,997
18,731 18,731 4,354
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209,773 1,133,252
153,535 145,075
5,238 449,951 681,644
9,631,452 91,169 7,355,604 18,046,246 17,775,266
' $13,547,292 $244,226 $7,355,604 $4,559,163 $27,052,056 $26,468,962
ISee accompanying notes to financial statements.
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COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND
EXPENDABLE TRUST FUNDS 1
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1983 1
GOVERNMENTAL FUND TYPES IISPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
REVENUES
Taxes - Note 9 $1,891 ,884 $711,046 II
Charges for services 344,178
Fines and forfeitures 102,609
Licenses and permits 180,972 IIIntergovernmental revenue 27,192 $ 70,079
Interest income 73,371 17,668 $ 49,296
Insurance settlements 83,387 IIOther revenues 25,847
TOTAL REVENUES 2,729,440 70,079 728,714 49,296
EXPENDITURES IIGeneral government 714,608
Public safety 1,188,214
Public works 594,816 972,775 I
Sanitation 336,635
Culture and recreation 305,970
Health and welfare 46,582
Debt service
Principal retirement 123,759
Interest and fiscal charges 373,646
TOTAL EXPENDITURES 3,186,825 - 497,405 972,775
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REVENUES OVER
(UNDER) EXPENDITURES (457,385) 70,079 231,309 (923,479) II
OTHER FINANCING SOURCES (USES)
Proceeds of certificates of
obligationII
Refund of performance deposit
Operating transfers in 382,878
Operating transfers out (15,043) (70,078) (222,849)
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TOTAL OTHER FINANCING
SOURCES (USES) 367,835 (70,078) (222,849)
REVENUES AND OTHER SOURCES 1
OVER (UNDER) EXPENDITURES
AND OTHER USES (89,550) 1 8,460 (923,479)
Fund balances at beginning of year 694,262 - 145,075 1,133,252 II
FUND BALANCES AT
END OF YEAR $ 604,712 $ 1 $153,535 $ 209,773 11
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FIDUCIARY TOTALS
FUND TYPE (MEMORANDUM ONLY)
II EXPENDABLE
TRUST 1983 1982
' $2,602,930 $2,188,070
344,178 289,034
102,609 111,975
II 180,972 75,292
97,271 311,695
$ 1 ,478 141 ,813 235,432
83,387
II 13,854 39,701 83,755
15,332 3,592,861 3,295,253
I714,608 680,792
2,750 1,190,964 858,981
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1,567,591 854,907
336,635 288,813
10,744 316,714 299,755
46,582 42,243
II123,759 110,631
373,646 303,809
II13,494 4,670,499 3,439,931
II1,838 (1,077,638) (144,678)
1 - 1,500,000
(50,171) (50,171) (60,000)
16,751 399,629 270,793
1 (800) (308,770) (835,576)
(34,220) 40,688 (875,217)
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(32,382) (1,036,950) 730,539
1 56,351 2,028,940 1 ,298,401
II $23,969 $ 991 ,990 $2,028,940
See accompanying notes to financial statements.
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COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN II
FUND BALANCES - BUDGETED AND ACTUAL - GENERAL, SPECIAL
REVENUE AND DEBT SERVICE FUND TYPES I
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1983 1
GENERAL FUND
VARIANCE II
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES 1
Taxes - Note 9 $1 ,891,000 $1 ,891 ,884 $ 884
Charges for services 348,000 344,178 (3,822)
Fines and forfeitures 100,000 102,609 2,609II
Licenses and permits 172,900 180,972 8,072
Intergovernmental revenue 33,500 27,192 (6,308)
Interest income 70,000 73,371 3,371 IIInsurance settlements 80,000 83,387 3,387
Other income 17,755 25,847 8,092
TOTAL REVENUES 2,713,155 2,729,440 16,285 II
EXPENDITURES
General government 750,913 714,608 36,305II
Public safety 1,151 ,234 1,188,214 (36,980)
Public works 752,441 594,816 157,625
Sanitation 340,000 336,635 3,365 IICulture and recreation 298,183 305,970 (7,787)
Health and welfare 47,250 46,582 668
Debt service II
TOTAL EXPENDITURES 3,340,021 3,186,825 153,196
REVENUES OVERII
(UNDER) EXPENDITURES (626,866) (457,385) 169,481
OTHER FINANCING SOURCES (USES) IIOperating transfers in 382,346 382,878 532
Operating transfers out (3,500) (15,043) (11,543)
TOTAL OTHER FINANCING
SOURCES (USES) 378,846 367,835 (11,011) II
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURESII
AND OTHER USES $ (248,020) (89,550) $158,470
Fund balances at beginning of year 694,262 11
FUND BALANCES AT
END OF YEAR $ 604,712II
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SPECIAL REVENUE FUND DEBT SERVICE FUND
VARIANCE VARIANCE
FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
$708,000 $711,046 $ 3,046
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$70,346 $70,079 $ (267)
17,668 17,668
265 (265)
70,346 70,079 (267) 708,265 728,714 20,449
2,160 2,160
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e509,746 497,405 12,341
511,906 497,405 14,501
70,346 70,079 (267) 196,359 231,309 34,950
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(70,346) (70,078) 268 (196,175) (222,849) (26,674)
70,346 70,078 268 (196,175) (222,849) (26,674)
$ -0- 1 $ 1 $ 184 8,460 $ 8,276
- 145,075
$ 1 $153,535
See accompanying notes to financial statements.
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COMBINED STATEMENT OF REVENUES, EXPENSES AND II
CHANGES IN RETAINED EARNINGS/FUND BALANCE -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND I
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1983 I
PROPRIETARY FIDUCIARY II
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST
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Operating revenues
Water and sewer sales and services $1,308,564
WCID #108 sewer fee 132,286
Fees and penalties 3,490II
Other 5,704
1,450,044 IIOperating expenses
Water department
Personal services 143,598
Supplies and maintenance 126,947
Other services and charges 80,399 II
Travel and training 263
351,207 IISewer department
Personal services 76,278
Supplies and maintenance 45,615
Other services and charges 103,419 II
Travel and training 1,434
Waste disposal fees 283,982
510,728 II
OPERATING INCOME
BEFORE DEPRECIATION 588,109
Depreciation 341,724 IIOPERATING INCOME 246,385
Non operating revenues (expenses)
Interest revenue 39,526 $ 1 ,208
Interest expense (225,231) II
Bond cost amortization (5,000)
(190,705) 1 ,208
INCOME (LOSS) BEFORE IIOPERATING TRANSFERS 55,680 1,208
Operating transfers in (out) (89,651) (1 ,208)
NET INCOME (LOSS) BEFORE I
EXTRAORDINARY ITEM (33,971) -0-
Extraordinary item - abandoned plant I
NET LOSS (33,971) -0-
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TOTALS
(MEMORANDUM ONLY)
11 1983 1982
$1 ,308,564 $ 983,217
' 132,286 3,490 132,844
3,456
5,704 15,369
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1 ,450,044 1,134,886
143,598 130,213
11 126,947 79,880
80,399 54,793
263 343
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351,207 265,229
76,278 42,367
45,615 46,125
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103,419 99,863
1,434 481
283,982 311 ,433
II510,728 500,269
588,109 369,388
II 341,724 339,251
246,385 30,137
40,734 31 ,550
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(225,231) (300,275)
(5,000) (5,000)
(189,497) (273,725)
I56,888 (243,588)
(90,859) 564,783
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(33,971) 321 ,195
II (321 ,505)
(33,971) (310)
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See accompanying notes to financial statements.
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COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND - 2 1
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PROPRIETARY FIDUCIARY 1
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST 1
Retained earnings/fund balance at
beginning of year 1,848,011 67,200
RETAINED EARNINGS/FUND BALANCE
AT END OF YEAR $1,814,040 $67,200
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I TOTALS
(MEMORANDUM ONLY)
I1983 1982
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1 ,915,211 1 ,915,521
$1,881 ,240 $1 ,915,211
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ISee accompanying notes to financial statements.
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COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND I
CITY OF FRIENDSWOOD, TEXAS
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Years ended September 30, 1983 and 1982
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1983 1982
SOURCE OF WORKING CAPITAL
Operations
IINet loss for the year $(33,971) $ (310)
Expenses not requiring current outlay of
financial resources
I Depreciation 341 ,724 339,251
Abandoned plant 389,334
Working capital provided from operations 307,753 728,275
IProceeds from sale of equipment - 3,000
Sale of revenue bonds 235,000 115,000
542,753 846,275
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USES OF WORKING CAPITAL
Increase in investment in joint
venture - Blackhawk - 88,296
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Acquisition of property, plant and equipment 150,838 21,747
Retirement of long-term debt 135,000 130,000
285,838 240,043
IIINCREASE IN WORKING CAPITAL $256,915 $ 606,232
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ELEMENTS OF NET INCREASE (DECREASE) IN WORKING
CAPITAL
Cash $318,602 $ 289,139
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Accounts receivable 59,753 10,138
Prepaid expenses (5,278) (8,322)
Due from other funds (75) (20,358)
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Advances to joint venture (56,230) (355,467)
Revenue bonds - current portion (5,000) -
Accounts payable (11,528) 351
Customer meter deposits (3,140) (8,301)
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Note payable - 300,000
Due to other funds (29,451) 465,587
Accrued expenses (10,738) (66,535)
IIINCREASE IN WORKING CAPITAL $256,915 $ 606,232
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See accompanying notes to financial statements.
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NOTES TO FINANCIAL STATEMENTS
CITY OF FRIENDSWOOD, TEXAS
September 30, 1983
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1. ORGANIZATION
The City of Friendswood adopted a "Home Rule Charter" on October 15,
1960 which provides for a "Council-Manager" form of city government.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
' A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS
The City of Friendswood's accounts are organized on the basis of funds or
' account groups, each of which is considered to be a separate accounting
entity. The operations of each fund are accounted for by providing a
separate set of self-balancing accounts which are comprised of each
fund's assets, liabilities, fund equity, revenues and expenditures or
' expenses. The funds are grouped into three types. The following is a
description of the fund types and account groups used by the City in the
accompanying financial statements:
GOVERNMENTAL FUND TYPES
General Fund
The General Fund is used to account for all financial transactions which
are not accounted for in another fund. The primary sources of revenue of
' the General Fund are property taxes, sales and use taxes, charges for
sanitation services, franchises, and fines and forfeitures. Primary
expenditures are for general government, public safety, streets and
' drainage, sanitation, culture and recreation, and health and welfare.
Special Revenue Fund
The Special Revenue Fund is used to account for revenue received from the
federal government under the State and Local Fiscal Assistance Act of
1972. Such funds may be used only for "priority expenditures" as defined
' in the Act. Capital improvements are charged to expenditures in the
accounts of the fund and capitalized in either the Water and Sewer Fund
or General Fixed Assets Account Group.
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Debt Service Fund
The Debt Service Fund is used to account for the resources for payment of
1 principal and interest on all general long-term debt of the City. The
primary source of revenue for debt service is general property taxes.
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NOTES TO FINANCIAL STATEMENTS - 2
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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
eGOVERNMENTAL FUND TYPES (continued)
Capital Projects Fund
' The Capital Projects Fund is used to account for the receipt and expenditure
of resources used for acquisition and construction of major capital facilities.
' The principal resources of the Capital Projects Fund are grants and proceeds
of long-term debt.
PROPRIETARY FUND TYPE
Enterprise Fund
' The Enterprise Fund is established to account for operations which are
intended to be self-supporting through user charges. The City of Friendswood
operates the Water and Sewer Department on this basis.
FIDUCIARY FUND TYPES
Trust Funds
' The Trust Funds are used to account for assets held by the City in a
trustee capacity for individuals and private organizations.
The Non-Expendable Trust Fund (1776 Park Trust Endowment Principal Fund) is
used to account for the legally restricted non-expendable 1776 Park land
trust corpus and the legally restricted non-expendable 1776 Park maintenance
' endowment cash trust corpus.
The Expendable Trust Funds consist of the 1776 Park Trust Endowment Revenue
' Fund and the Performance Deposit Fund. The 1776 Park Trust Endowment
Revenue Fund is used to account for the expenditures of the legally restricted
income earned on the 1776 Park maintenance endowment cash trust corpus. The
' trust corpus reverts to a third party in the event that the City does not
maintain compliance with the trust agreements. The Performance Deposit Fund
is used to account for a performance cash deposit and the income from the
deposit. The deposit is being held by the City for the performance of a
street construction contract.
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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS (continued)
ACCOUNT GROUPS
' General Fixed Assets Account Group
The General Fixed Assets Account Group is a listing of the City's
' general fixed assets - those assets not employed in commercial
type activities (Water and Sewer Fund) or held in trust (Trust
Fund) - balanced by accounts showing the sources by which such
' assets were financed. Such assets are recorded at cost or at
market value at date of donation.
' General Long-Term Debt Account Group
The General Long-Term Debt Account Group is used to account for
general obligation bonds and certificates of obligation (excluding
liabilities of the Water and Sewer Fund) .
B. MEASUREMENT FOCUS
Governmental (General, Special Revenue, Debt Service, and Capital
Projects) fund types are accounted for on a "spending" or "financial
' flow" measurement focus. Accordingly, only current assets and
current liabilities are included on their balance sheets and the
reported fund balance (total reported assets less total reported
liabilities) provides an indication of available spendable
or appropriable resources. Operating statements for governmental
fund types (on a spending measurement focus) report increases
(revenues and other financing sources) and decreases (expenditures
and other financing uses) in available spendable resources.
Proprietary (Enterprise) fund types are accounted for on an "income
determination" or "cost of services" measurement focus. Accordingly,
all assets and all liabilities are included in their balance sheets,
and the reported fund equity (total reported assets less total reported
liabilities) provides an indication of the economic net worth of the
fund. Operating statements for proprietary fund types (on an income
determination measurement focus) report increases (revenues) and
decreases (expenses) in total economic net worth.
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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
' B. MEASUREMENT FOCUS (continued)
Fiduciary funds are accounted for as either governmental or pro-
prietary, depending upon their nature. Non-expendable trust funds are
accounted for as proprietary fund types, while expendable trust funds
are accounted for as governmental fund types. Agency funds report
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only financial position. Since Agency funds are custodial in nature
they are not concerned with measurement of results of operations as
such.
Fixed assets which are not used in proprietary fund operations, are
accounted for in a separate self-balancing General Fixed Assets Account
Group. Long-term debt which is not intended to be financed through
proprietary funds are all accounted for in a separate self-balancing
General Long-Term Debt Account Group.
Depreciation is reported on the operating statements of proprietary
fund types (on an income determination measurement focus) . Depre-
ciation is not reported in the operating statements of governmental
fund types (on a spending measurement focus) .
C. BASIS OF ACCOUNTING
' "Basis of accounting" refers to the time that revenues and expenditures
or expenses are recognized in the accounts and reported in the financial
statements. It relates to the timing of the measurements, regardless of
the measurement focus applied.
Proprietary fund types and Non-expendable trust funds use the accrual
method of accounting. On the accrual method, revenues are recognized
' in the accounting period in which they are earned and expenses are
recognized in the accounting period incurred.
Governmental fund types and expendable trust funds use the modified
accrual basis of accounting. On the modified accrual basis, revenues
are recognized in the accounting period in which they become available
and measurable ("susceptible to accrual") and expenditures are recog-
nized in the accounting period in which the fund liability is incurred
except for unmatured interest on general long-term debt. The agency
fund assets and liabilities use the modified accrual basis of account-
' ing. On the modified accrual basis, receivables are recognized when
a legal "right to receive" exists, regardless of the revenue recognition
treatment applied.
I
-21-
NOTES TO FINANCIAL STATEMENTS - 5
1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
' C. BASIS OF ACCOUNTING (continued)
The following revenue sources have been treated as susceptible to
accrual under the modified accrual basis:
Federal revenue sharing and grants
' Industrial district taxes
Interest on investments
Sanitation revenue
' The following revenue sources have not been treated as susceptible to
accrual under the modified accrual basis:
' Franchises
Licenses and permits
Fines and forfeitures
Beverage taxes
General property taxes
Sales taxes
D. ENCUMBRANCES
Encumbrances are obligations which are chargeable to an appropriation
and for which a part of the appropriation is reserved. The encum-
brance ceases when the obligation is paid, when the actual liability is
incurred, or when the appropriation lapses. Encumbrances outstanding
at the end of the year have not been reported as expenditures or
liabilities.
E. BUDGETS
The original budget is adopted by the City Council prior to the beginning
of the fiscal year. Amendments are made during the year by City Council
' and the final amended budget is set forth in this report.
The budget should not be exceeded in any major expenditure category under
' city requirements. Unused appropriations lapse at the end of each fiscal
year.
' -22-
NOTES TO FINANCIAL STATEMENTS - 6
1
1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
' F. FIXED ASSETS
Fixed assets are stated at cost or market value on the date donated.
' Costs incurred for the purchase or construction of general fixed assets
are recorded as capital outlay expenditures in the General, Special
Revenue and Capital Projects Funds. All such costs are capitalized in the
' General Fixed Assets Account Group. Amounts expended for property, plant
and equipment in the Water and Sewer Fund are capitalized in the fixed
asset accounts within that fund. Public domain infrastructure fixed
' assets such as bridges, roads, drainage systems, etc. are capitalized
along with other general fixed assets.
G. DEPRECIATION
' Depreciation of all exhaustible fixed assets used by the Water and Sewer Fund
is charged as an expense against its operations. Allowance for depreciation
' is reported in the Water and Sewer Fund balance sheet. Depreciation has been
provided over the estimated useful lives using the straight-line method.
The estimated useful lives are as follows:
Assets Life
Equipment 3-10 years
Water and Sewer System 50 years
No depreciation is provided for the general fixed assets of the City.
H. VACATION AND SICK PAY
Unpaid vacation is recorded as it accrues. Sick pay is cumulative and
' one-half of cumulative sick pay is payable to the employee upon termina-
tion of employment. As of September 30, 1983 accrued vacation and sick
pay were as follows:
General Fund $124,911
Water and Sewer Fund 16,195
-23-
11
1
NOTES TO FINANCIAL STATEMENTS - 7
' 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
I. "Memorandum Only" Captions
The "memorandum only" captions on the total columns of the combined
statements indicate that totals are presented only for overview infor-
mational purposes. Data in these columns do not present financial position,
' results of operations, or changes in financial position in conformity
with generally accepted accounting principles.
3. INTERFUND RECEIVABLES AND PAYABLES
The following is a summary of amounts due from and due to other funds:
Due From Due To
' General Fund
Water and Sewer Fund $ 79,912
Trust and Agency Funds 152,467
' Special Revenue 17,497
Capital Projects Fund 35,000
284,876
' Special Revenue Fund
General Fund $ 17,497
' Water and Sewer Fund
General Fund 79,912
Trust and Agency Funds 425 -
' 425 79,912
Capital Projects Fund
General Fund 35,000
' Trust and Agency Funds
General Fund 152,467
' Water and Sewer Fund 425
152,892
TOTAL ALL FUNDS $285,301 $285,301
t
' -24-
NOTES TO FINANCIAL STATEMENTS - 8
1
4. PENSION PLAN
The City participates in the Texas Municipal Retirement System. All full time
employees are covered by the pension plan. The total pension payments for
the year ended September 30, 1983 were $29,762, which includes amortization
I
of prior service cost over 25 years. The City's policy is to fund pension
cost accrued. The total book value of assets of the pension fund at December
31 , 1982 exceeded the actuarially computed value of vested benefits by
' approximately $99,933. The unfunded prior service liability was $57,449 at
December 31 , 1982.
5. HOMESTEAD EXEMPTION
In 1983 the Council approved an exemption from tax of 40% of the value of
' homesteads. At September 30, 1983, $19,597 had been refunded to taxpayers
who had previously failed to claim the exemption.
6. LONG-TERM DEBT
Changes in Long-Term Debt of the City during the year ended September 30,
' 1983 are summarized as follows:
General Water & Sewer
Long-Term Revenue
Debt Bonds Total
' Balance at October 1, 1982 $4,535,000 $3,540,000 $8,075,000
Obligations issued 77,500 235,000 312,500
Obligations retired 107,000 130,000 237,000
BALANCE AT SEPTEMBER 30, 1983 $4,505,500 $3,645,000 $8,150,500
' -25-
II
II
NOTES TO FINANCIAL STATEMENTS - 9
NAN
II
II
6. LONG-TERM DEBT (continued)
IThe total debt of the City (governmental and proprietary funds) by maturity
date is as follows:
I
Fiscal Year General Water and Sewer
Ending Long-Term Debt Revenue Bonds
Sept. 30 Principal Interest Principal Interest
II1984 $ 146,500 $ 363,681 $ 135,000 $ 228,300
1985 173,000 352,728 140,000 219,425
II 1986 184,000 338,581 195,000 208,750
1987 199,000 323,409 205,000 196,113
1988 219,000 306,544 210,000 183,062
1989 220,000 288,810 215,000 169,400
I
1990 240,000 270,641 225,000 154,963
1991 260,000 251,131 230,000 139,931
1992 284,000 229,313 250,000 124,316
I
1993 315,000 204,213 305,000 106,072
1994 340,000 175,405 260,000 87,653
1995 375,000 143,729 275,000 70,281
II 1996 420,000 107,375 190,000 55,482
1997 450,000 66,906 200,000 49,303
1998 205,000 39,201 220,000 37,707
1999 215,000 25,649 230,000 25,131
I2000 260,000 15,600 160,000 14,600
TOTAL $4,505,500 $3,502,916 $3,645,000 $2,070,489
7. FIXED ASSETS
IIA summary of the changes in general fixed assets for the year ended
September 30, 1983 follows:
II Balance at Balance at
Oct. 1, 1982 Additions Retirements Sept. 30, 1983
I
Land Buildings $ 269,906 $ 48,400 $ 318,306
890,411 48,963 939,3•74
Improvements 3,489,362 218,509 3,707,871
Equipment 984,161 83,689 $30,435 1,037,415
II
Construction in
progress 379,863 972,775 1,352,638
I
TOTAL $6,013,703 $1 ,372,336 $30,435 $7,355,604
II -26-
II
NOTES TO FINANCIAL STATEMENTS - 10
1
II7. FIXED ASSETS (continued)
IA summary of the changes in Water and Sewer Fund property, plant and equipment
for the year ended September 30, 1983 follows:
II Balance at Balance at
Oct. 1, 1982 Additions Retirements Sept. 30, 1983
Land $ 105,765 $ 105,765
I Plant and equipment 4,220,363 $ 27,325 $ 6,132 4,241,556
Water and sewer
lines 204,448 204,448
II Storm sewers 637,671 637,671
Plant and equipment,
Blackhawk 9,076,039 123,513 9,199,552
II Less
14,244,286 150,838 6,132 14,388,992
Less allowance
for depreciation 1 ,526,183 341,724 6,132 1,861,775
INET PROPERTY,
PLANT AND
II
EQUIPMENT $12,718,103 $(190,886) $ -0- $12,527,217
8. LEASE COMMITMENTS
II
The City leases a fire truck under arrangements which qualifies it as
a capital lease. The fire truck has been capitalized in the General Fixed
II Assets Account Group at $96,389, the net present value of the lease commitment.
The following is a schedule of minimum annual lease commitments outstanding
at September 30, 1983:
I1984 $22,457
1985. 22,457
1986 22,457
IITotal payments 67,371
Interest portion 13,708
IITotal minimum lease
commitments $53,663
II
II
I
-27-
NOTES TO FINANCIAL STATEMENTS - 11
9. SALES TAXES
' In April, 1982 a refund of $161,310 was made to the State Controller for
sales taxes previously paid to the City of Friendswood in error.
1 Subsequent to September 30, 1983 the State Controller reported that
approximately $65,000 of sales taxes had been remitted to the City of
Friendswood in error over the previous four years. Adjustments for the
overpayment will be made in the future.
10. ANNEXATION OF CLEARWOODS IMPROVEMENT DISTRICT
On November 21, 1983 the Council voted to annex Clearwoods Improvement
District, approximately 400 acres including 1,364 homes. The City of
Friendswood will acquire the existing water and sewer facilities and assume
bonded indebtedness of approximately $2,250,000.
11. CONTINGENCIES
! At September 30, 1983 the City of Friendswood, Texas was defendant in two
lawsuits in which plaintiff property owners are contesting assessed
valuations of such property recorded on the tax rolls of the City. The City
' is also defendant in a lawsuit in which plaintiffs claim violation of their
constitutional rights. Also, the City has received a report from the
Environmental Protection Agency whereby the EPA questioned the allowability
' of certain costs incurred by the City under grants received in connection
with construction of the Blackhawk Regional Sewage Treatment Plant. The
City management has indicated that it will contest each of these claims
and is of the opinion that any liability resulting from such claims will not
have a material effect on the financial statements of the City of Friendswood
for the year ended September 30, 1983.
!
i
1
! -28-
1
1
1
1
1
1
1
1
1 OTHER FINANCIAL INFORMATION
1
1
1
1
1
1
i
1
1
1 -29-
II
II
GENERAL FUND
1 STATEMENT OF REVENUES - BUDGETED AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
IIYears ended September 30, 1983 and 1982
I
1983
FAVORABLE
II (UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
I
Taxes
General property $1,401,000 $1 ,422,266 $21,266 $1,099,203
Less homestead exemption 30,000 19,597 10,403 -
Net general property 1,371 ,000 1,402,669 31,669 1,099,203 e Industrial district 2,000 (2,000) 302,064 - A
Sales 336,000 336,234 234 99,497
1 Franchise 180,000 151,746 (28,254) 185,708
Other 2,000 1,235 (765) 1,280
1,891,000 1,891,884 884 1,687,752
ISanitation 348,000 344,178 (3,822) 289,034
Fines and forfeitures 100,000 102,609 2,609 111,975
IILicenses and permits 172,900 180,972 8,072 75,292
1 Inter-governmental
revenues 33,500 27,192 (6,308) 203,731
I
Sale of equipment 6,080 6,080 - 48,630
Interest on investments 70,000 73,371 3,371 89,876
IIInsurance settlements 80,000 83,387 3,387 -
Other 11,675 19,767 8,092 35,494
ITOTAL REVENUES $2,713,155 $2,729,440 $ 16,285 $2,541,784
II
Note A - The Industrial District was annexed during 1982 and will commence
IIpaying property taxes in 1983-84.
II
I
-30-
1
1
GENERAL FUND
1 STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY FUNCTION
CITY OF FRIENDSWOOD, TEXAS
IYears ended September 30, 1983 and 1982
1 1983
FAVORABLE
I
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
1 General Government
Administration $ 606,247 $ 584,804 $ 21,443 $ 571,074
Municipal court 65,676 60,225 5,451 41,683
1 Engineering 33,557 26,171 7,386 12,720
Inspection 38,871 38,430 441 44,127
Planning and zoning 6,562 4,978 1,584 1,705
TOTAL GENERAL GOVERNMENT 750,913 714,608 36,305 671,309
1 Public Safety
Police 813,370 846,940 (33,570) 717,173
I
Fire 176,386 176,318
24,878 24,846 68 114,946
Humane 32 23,230
Civil defense 136,600 140,110 (3,510) 1,299
1 TOTAL PUBLIC SAFETY 1,151,234 1,188,214 (36,980) 856,648
Public Works
Streets 531,647 392,678 138,969 417,491
1 Drainage 220,794 202,138 18,656 57,084
TOTAL PUBLIC WORKS 752,441 594,816 157,625 474,575
1 Sanitation 340,000 336,635 3,365 288,813
TOTAL SANITATION 340,000 336,635 3,365 288,813
Culture and Recreation
II
Library 151,204 156,749 (5,545) 136,609
Parks and recreation 139,779 142,124 (2,345) 155,480
Youth needs and opportunity
I
commission 2,400 2,302 98 1,997
Community appearance 4,800 4,795 5 4,942
TOTAL CULTURE AND
1 RECREATION 298,183 305,970 (7,787) 299,028
Health and Welfare
Community counseling center 30,000 30,000 30,011
1 Ambulance 13,250 13,250 8,900
Health and welfare 4,000 3,332 668 3,332
TOTAL HEALTH AND WELFARE 47,250 46,582 668 42,243
1 TOTAL EXPENDITURES $3,340,021 $3,186,825 $153,196 $2,632,616
1 -31-
II
11 GENERAL FUND
IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT
CITY OF FRIENDSWOOD, TEXAS
1 Years ended September 30, 1983 and 1982
I 1983
FAVORABLE
I
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
I
General Government
Administration
Personal services $220,952 $232,823 $(11,871) $226,609
Supplies and maintenance 25,415 24,592 823 28,897
1 Other services and charges 338,970 311,988 26,982 286,298
Travel and training 7,610 4,747 2,863 7,196
Capital outlay 13,300 10,654 2,646 22,074
II606,247 584,804 21 ,443 571 ,074
Municipal Court
I
Personal services 54,401 54,248 153
37,232
Supplies and maintenance 7,880 4,301 3,579 2,851
Other services and charges 2,745 1,319 1,426 1,471
Travel and training 500 209 291 129
I
Capital outlay 150 148 2 -
65,676 60,225 5,451 41 ,683
II Engineering
Personal services 2,047 2,572 (525) 1,740
Supplies and maintenance 410 16 394 108
Other services and charges 31,100 23,583 7,517 10,872
II33,557 26,171 7,386 12,720
Inspections
I
Personal services 32,969 34,242 (1,273) 39,199
Supplies and maintenance 4,702 3,662 1,040 4,653
Other services and charges 600 205 395 100
I
Travel and training 600 321 279 175
38,871 38,430 441 44,127
II
II
II -32-
II
II GENERAL FUND
IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 2
II
1983
IIFAVORABLE
(UNFAVORABLE) 1982
1 BUDGET ACTUAL VARIANCE ACTUAL
General Government - continued
Planning and Zoning
11 Personal services 1,712 2,454 (742) 1,380
Supplies and maintenance 300 191 109 259
Other services and charges 4,250 2,129 2,121 3
I
Travel and training 300 300 - 63
Capital outlay 204 (204)
6,562 4,978 1,584 1,705
ITOTAL GENERAL
GOVERNMENT 750,913 714,608 36,305 671,309
1 Public Safety
Police Service
Personal services 649,528 685,517 (35,989) 561 ,340
I
Supplies and maintenance 100,282 94,130 6,152 80,117
Other services and charges 21,180 22,084 (904) 8,845
Travel and training 11,900 11,413 487 12,007
II
Capital outlay 30,480 33,796 (3,316) 54,864
813,370 846,940 (33,570) 717,173
Fire
I
Personal services 21,506 23,370 (1,864) 24,012
Supplies and maintenance 50,695 48,114 2,581 8,198
Other services and charges 37,415 38,894 (1,479) 80,590
I
Travel and training 9,120 7,861 1,259 2,146
Capital outlay 57,650 58,079 (429) -
176,386 176,318 68 114,946
II
II
II
II
I
-33-
II
II
GENERAL FUND
I
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 3
II
1983
IFAVORABLE
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
IHumane
Personal services 19,368 19,605 (237) 16,772
II Supplies and maintenance 4,760 4,737 23 5,821
Other services and charges 600 483 117 637
Travel and training 150 21 129 -
' 24,878 24,846 32 23,230
Civil Defense
Personal services 10
II Supplies and maintenance 1,200 2,280 (1,080) -334
Disaster 135,000 137,532 (2,532)
Travel and training 200 298 (98) 66
I
Capital outlay 200 - 200 889
136,600 140,110 (3,510) 1,299
I TOTAL
PUBLIC SAFETY 1,151,234 1,188,214 (36,980) 856,648
Public works
Streets
I
Personal services 184,093 175,064 9,029 161,299
Supplies and maintenance 105,959 109,255 (3,296) 89,010
Other services and charges 39,020 45,048 (6,028) 38,008
I
Travel and training 425
202 209 216 106
Capital outlay ,150 63,102 139,048 129,068
531,647 392,678 138,969 417,491
I
Drainage
Personal services 30,493 31,396 (903) 28,065
Supplies and maintenance 25,155 10,976 14,179 7,194
1 Other services and charges 11,271 9,665 1,606 18,685
Travel and training 125 101 24 90
Capital outlay 153,750 150,000 3,750 3,050
II
220,794 202,138 18,656 57,084
TOTAL PUBLIC WORKS 752,441 594,816 157,625 474,575
II
II
I -34-
II
II
GENERAL FUND
IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 4
1 1983
II FAVORABLE
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
ISanitation
Sanitation
Personal services 16,689
II Supplies and maintenance 4,283
Other services and charges 4,083
Contract services 340,000 336,635 3,365 263,758
IITOTAL SANITATION 340,000 336,635 3,365 288,813
I Culture and Recreation
Library
Personal services 107,260 112,298 (5,038) 92,504
Supplies and maintenance 24,494 25,420 (926) 28,764
11 Other services and charges 18,050 17,262 788 11,810
Travel and training 500 950 (450) 3,042
Capital outlay 900 819 81 489
II
151,204 156,749 (5,545) 136,609
Parks and Recreation
I
Personal services 75,443 80,381 (4,938) 74,729
Supplies and maintenance 31,536 34,078 (2,542) 25,191
Other services and charges 20,450 16,351 4,099 15,939
Travel and training 1,050 1 ,050 726
I
Capital outlay 11,300 11,314 (14) 38,895
139,779 142,124 (2,345) 155,480
I Youth Needs and Opportunity
Personal services 1,650 2,026 (376) 1,740
Supplies and maintenance 150 21 129 125
Other services and charges 600 255 345 132
II2,400 2,302 98 1,997
II
II
II
I
-35-
II
II
GENERAL FUND
IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 5
II
1983
I
FAVORABLE
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
IICommunity Appearance
Supplies and maintenance 4,800 1,270 3,530 1,551
Other services and charges - 3,525 (3,525) 3,391
II
4,800 4,795 5 4,942
TOTAL CULTURE AND
RECREATION 298,183 305,970 (7,787) 299,028
1 Health and Welfare
Community Counseling Center
II Other services and charges - 11
Contract services 30,000 30,000 30,000
30,000 30,000 - 30,011
1 Ambulance Supplies and maintenance 10,250 10,250 - -
Travel and training 3,000 3,000 - -
II Contract services 8,900
13,250 13,250 - 8,900
1 Health and Welfare
Other services and charges 4,000 3,332 668 3,332
4,000 3,332 668 3,332
TOTAL HEALTH AND
IIWELFARE 47,250 46,582 668 42,243
TOTAL EXPENDITURES $3,340,021 $3,186,825 $153,196 $2,632,616
II
II
II
II
II
I
-36-
1
IIWATER AND SEWER FUND
1 STATEMENT OF REVENUE AND EXPENSES - BUDGETED AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
IYears ended September 30, 1983 and 1982
I1983
FAVORABLE
I
(UNFAVORABLE) 1982
BUDGET ACTUAL VARIANCE ACTUAL
I
Operating revenues
Water and sewer charges $1,358,000 $1,308,564 $(49,436) $ 983,217
Fees and penalties 4,000 3,490 (510) 3,456
WCID #108 sewer fee 125,000 132,286 7,286 132,844
IIClearwood Improvement District -
sewer fee 15,000
Other income 2,657 5,704 3,047 369
ITOTAL OPERATING REVENUES 1,489,657 1,450,044 (39,613) 1,134,886
II Operating expenses
Water Department
Personal services 146,573 143,598 2,975 130,213
Supplies and maintenance 125,082 126,947 (1,865) 79,880
II Other services and charges 79,150 80,399 (1,249) 54,793
Travel and training 1,200 263 937 343
352,005 351,207 798 265,229
1 Sewer Department
Personal services 83,902 76,278 7,624 42,367
I
Supplies and maintenance 64,025 45,615 18,410 46,125
Other services and charges 92,600 103,419 (10,819) 99,863
Travel and training 500 1,434 (934) 481
Waste disposal fees 300,000 283,982 16,018 311,433
I
541,027 510,728 30,299 500,269
Depreciation - 341,724 (341,724) 339,251
ITOTAL OPERATING EXPENSES 893,032 1,203,659 (310,627) 1,104,749
I
OPERATING REVENUES
OVER EXPENSES 596,625 246,385 (350,240) 30,137
I
1
-37-
I
WATER AND SEWER FUND
STATEMENT OF REVENUE AND EXPENSES - BUDGETED AND ACTUAL - 2
I
1983
FAVORABLE
I (UNFAVORABLE) 1982
ACTUAL BUDGET VARIANCE ACTUAL
Non-operating revenue (expenses)
Interest income 19,750 39,526 19,776 30,697
Interest expense (163,900) (225,231) (61,331) (300,275)
Bond cost amortization (5,000) (5,000) (5,000)
(149,150) (190,705) (41 ,555) (274,578)
INCOME (LOSS) BEFORE
OPERATING TRANSFERS 447,475 55,680 (391 ,795) (244,441)
Operating transfers in - 196,175 196,175 789,614
Operating transfers out (312,000) (285,826) 26,174 (223,978)
(312,000) (89,651) 222,349 565,636
NET INCOME (LOSS) BEFORE
EXTRAORDINARY ITEM 135,475 (33,971) (169,446) 321 ,195
Extraordinary item
Loss on abandoned sewer plant - - - 321,505
NET INCOME (LOSS) $135,475 $(33,971) $(169,446) $ (310)
I
I
I
I
I
I
I -38-
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III
III
GENERAL LONG-TERM DEBT ACCOUNT GROUP
GENERAL LONG-TERM DEBT- BY MATURITY DATE IIICITY OF FRIENOSWOOD, TEXAS
September 30, 1983
WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM
UNLIMITED TAX BONDS - SERIES UNLIMITED TAX BONDS-SERIES
1962 (GALVESTON COUNTY WATER 1963 (GALVESTON COUNTY WATER GE ERAL OBLIGATIONIII
CONTROL AND IMPROVEMENT CONTROL AND IMPROVEMENT SEWER IMPROVEMENT REFUNDING BONDS -
YEAR ENDING TOTAL DISTRICT NO. 15) DISTRICT NO. 15) BONDS-SERIES 1967 DRIES 1969
SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PR NCIPAL INTEREST
1984 $ 146,500$ 363,681 $ 6,750 $ 7,000 $ 3,209 $15,000 $ 2,835 $ 0,000 $6,950
1985 173,000 352,728 6,750 7,000 2,911 15,000 2,205 0,000 6,450
III
1986 184,000 338,581 6,750 8,000 2,593 15,000 1,575 5,000 5,825
1987 199,000 323,409 6,750 8,000 2,252 15,000 945 5,000 5,075
1988 219,000 306,544 6,750 9,000 1,891 15,000 3!5 5,000 4,325
1989 220,000 288,810 6,750 10,000 1,488 5,000 3,575
1990 240,000 270,641 6,750 10,000 1,062 5,000 2,825
1991 260,000 251,131 6,750 10,000 638 5,000 2,075
1992 284,000 229,313 6,750 10,000 212 4,000 1,350
1993 315,000 204,213 6,750 0,000 500
1994 340,000 175,405 6,750
1995 375,000 143,729 $ 30,000 6,075
1996 420,000 107,375 30,000 4,725
1997 450,000 66,906 30,000 3,37$
1998 205,000 39,201 35,000 1,913
1999 215,000 25,649 25,000 S62
15
2000 260,000 00916 0)_00_ _ "___0 __6,256 -_ 0 7,8__ - ___
94,505,500 01,502,916 5150,000 090,900 $79,000 $I6,256 $75,000 S 7,875 $144,000 138,950
I
I
I
I
III
III
III
I
I
III
-4 1-
•
I
1
I CERTIFICATES OF CERTIFICATES OF
GENERAL OBLIGATION DRAINAGE IMPROVEMENT GENERAL OBLIGATION STREET IMPROVPMENT GENERAL.OBLIGATION CERTIFICATES OF STREET IMPROVEMENT OBLIGATION- OBLIGATION
BONDS -SERIES 1977 BONGS-SERIES 19/3 BONDS -SERIES 1974 BONUS-SERIES 1977 BONDS-SERIES 1979 OBLIGATION-SERIES 1980 BONDS -SERIES 1982 SERIES 1982 SERIES 1983
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
$10,000 $ 3,850 S 9,0''. $ 10,000 $ 50,818 $ 35,000 $ 75,075 $ 15,000 $ 19,245 $10,000 $2,100 $ 25,000 $ 180,590 $6,500 $2,996 $3,000 $3,188
I 15.000 3,300 6,075 10,000 50,0^_7 15,000 73.150 20,000 18,020 20,000 I,400 25,000 177,740 8,000 2,380 8,000 1,720
I S,DDn 2,475 6,075 '0 n00 49,238 35,000 71,225 20,000 16,620 50,000 172,465 8,000 1,700 8,000 2,040
I5,000 1,650 6,075 10,000 48,447 40,000 69,300 20,000 15,220 60,000 Ifi5,315 8,000 1,020 8,000 1,360
15,000 825 6,075 10,000 47,658 45,000 67,100 20,000 13,890 70,000 156,865 8,000 340 12,000 510
$ 10,000 6,075 30,000 46,077 55,000 64,625 20,000 i2,]OS 80,000 147,515
15,000 5,475 30,000 43,708 55,000 61,600 25,000 11,456 90,000 137,765
15,000 4,575 35,000 41,140 60,000 58,575 25,000 10,063 100,00n 127,315
15,000 3,660 35,000 38,375 65,000 55,275 25,000 8,656 120,000 115,035
I 15,000 2,745 45,000 35,215 70,000 51,700 25,000 7,238 140,000 100,065
15,000 1,870 75,000 30,475 75,000 47,675 25,000 5,800 150,000 82,875
15,000 915 50,000 25,575 85,000 43,363 25,000 4,338 170,000 53,463
70,000 20,925 90,000 38,475 70,000 2,700 200,000 40,550
75,000 15,306 95,000 33,300 30,000 900 220,000 14,025
70,000 9,688 100,000 27,600
90,000 3,487 100,000 21,600
1 260,000 15,600
$70,000 $12,100 $100_000 $55,650 $655,000 $556,159 $1,300,000 0875,238 1325,000 8146,851 $30,000 03,500 $1,500,000 $1,681,183 $38,500 3 8,436 $39,000 3 9,818
1
I
I
I
I
I
I
I
-42-
11
II
GENERAL REVENUE - BY SOURCE
C
CITY OF FRIENDSWOOD, TEXAS I
Ten Years ended September 30, 1983
II
INTER- LICENSES CHARGES
FISCAL GOVERNMENTAL AND FOR SERVICE INTERESTII
YEAR REVENUE TAXES PERMITS (SANITATION) INCOME
1973-74 $ 85,116 $ 454,106 $30,789 $ 70,217 $ 13,982 1
1974-75 29,595 740,335 25,158 88,148 10,802
1975-76 54,296 1,138,633 36,200 112,021 20,592 II
1976-77 58,654 1,421,916 27,438 156,311 27,628
II
1977-78 128,182 1,518,773 57,551 193,249 103,841
1978-79 154,370 1,862,738 54,724 212,093 67,775 1
1979-80 220,c70 1,780,798 43,399 268,481 36,272
1980-81 143,760 2,416,105 49,580 275,870 75,172 1
1981-82 311 ,695 2,188,070 75,292 289,034 125,888
II
1982-83 97,271 2,602,930 180,972 344,178 91,039
I
II
Includes the General, Special Revenue, and Debt Service Funds. II
II
I
-43-
I
I
EXHIBIT I
I
I FINES AND MISCELLANEOUS
FORFEITURES REVENUE TOTAL
I $ 10,732 $28,446 $ 693,388
12,784 16,328 923,150
I14,514 17,937 1,392,193
19,103 15,876 1,726,926
' 25,542 28,078 2,055,216
I69,228 43,771 2,464,699
103,447 42,168 2,495,035
I129,824 31 ,250 3,121 ,561
111 ,975 84,124 3,186,078
I 102,609 109,234 3,528,233
I
I
1
I
I
I
I
-44-
I
II
GENERAL GOVERNMENTAL EXPENDITURES - BY FUNCTION
CITY OF FRIENDSWOOD, TEXAS 1
Ten years ended September 30, 1983
II
STREETS HEALTH IIFISCAL GENERAL PUBLIC AND AND
YEAR GOVERNMENT SAFETY DRAINAGE SANITATION WELFARE
1973-74 $112,755 $133,364 $170,101 $ 68,554 $ 4,696 II
1974-75 145,363 181,373 230,824 115,037 5,769
1975-76 174,264 302,479 257,325 154,027 6,353 II
1976-77 254,632 323,833 185,554 200,724 6,905 II
1977-78 282,252 438,013 235,506 223,878 6,748
1978-79 428,395 626,906 292,116 271,220 8,047 II
1979-80 462,461 798,798 329,713 261,471 123,200
1980-81 626,120 754,259 452,316 292,896 58,179 II
1981-82 680,792 856,648 474,575 288,813 42,243
1982-83 714,608 1,188,214 594,816 336,635 46,582 II
I
II
Includes the General, Debt Service, and Special Revenue Funds. II
II
II
II
II
-45- '
I
I
1
EXHIBIT II
I
I CULTURE- DEBT
RECREATION SERVICE TOTAL
I $154,205 $ 47,002 $ 690,677
60,938 123,191 862,495
1 81 ,488 151 ,053 1,126,989
184,759 140,810 1,297,217
I180,216 158,108 1,524,721
1 391 ,512 272,800 2,290,996
208,473 274,096 2,458,212
1 208,292 302,732 2,694,794
299,028 414,440 3,056,539
1 305 ,970 497,405 3,684,230
I
I
I
I
I
I
I
I -46-
II
ilTAX REVENUES - BY SOURCE EXHIBIT III
CITY OF FRIENDSWOOD, TEXAS
II
Ten years ended September 30, 1983
IIBUSINESS
GENERAL GENERAL GROSS INDUSTRIAL
1 FISCAL TOTAL PROPERTY SALES RECEIPTS DISTRICT BEVERAGE
YEAR TAXES TAXES TAX TAXES TAXES* TAX
1973-74 $ 454,106 $ 372,003 $ 49,219 $ 31,671 $1,213
1974-75 740,335 630,913 68,863 38,432 2,127
II1975-76 1,138,633 829,712 104,320 50,514 $151 ,404 2,683
1976-77 1,421,916 956,474 119,044 63,229 280,053 3,116
II1977-78 1,518,773 1,012,351 154,946 77,047 270,982 3,447
1978-79 1,862,738 1,128,611 191,789 92,446 446,302 3,590
II1979-80 1,780,798 1,206,271 275,675 107,731 186,678 4,443
II
1980-81 2,416,105 1,446,071 415,228 178,789 371,622 4,395
1981-82 2,188,070 1,599,521 99,497 185,708 302,064 1,280
II
1982-83 2,602,930 2,113,715 336,234 151,746 - 1,235
1
1 *Contract with Industrial District from 1976 to 1980 and a new contract from
1980 to 1982 with a guarantee of at least $300,000 a year.
1
1
II
II
II -47-
II
PROPERTY TAX LEVIES AND COLLECTIONS 11
CITY OF FRIENDSWOOD, TEXAS
II
Ten years ended September 20, 1983
II
II
PER CENT
FISCAL TAX TAX TOTAL CURRENT TAX OF LEVY
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED II
1973-74 1973 .90 $ 371,486 $ 362,514 97.58%
1974-75 1974 1.10 658,149 621,305 94.40 II
1975-76 1975 1.20 833,814 802,330 96.22
II
1976-77 1976 1.20 961,441 932,258 96.96
1977-78 1977 1.15 1,021,935 987,372 96.62II
1978-79 1978 1.15 1,147,958 1,105,811 96.33
1979-80 1979 1.15 1,231,876 1,175,513 95.42 II
1980-81 1980 .775 (1) 1,459,086 1,394,770 95.59
11
1981-82 1981 .775 1,586,474 1,531,878 96.56
1982-83 1982 .735 2,068,817 1,989,751 (2) 96.18II
II
(1) Assessment ratio increased to 100% in 1980.
(2) Net of homestead exemption refunds. II
II
1
1
II
-48- 1
I
eEXHIBIT IV
1
II
TOTAL
II COLLECTION OUTSTANDING
AS A DELINQUENT
DELINQUENT TOTAL PER CENT OUTSTANDING TAXES AS A
II TAX TAX OF CURRENT DELINQUENT PER CENT OF
COLLECTIONS COLLECTIONS LEVY TAXES CURRENT LEVY
$ 9,489 $ 372,003 100.14% $ 11,187 3.01%
II9,608 630,913 95.86 43,713 6.64
I
27,382 829,712 99.51 47,517 5.69
24,216 956,474 99.48 52,130 5.42
II
24,979 1,012,351 99.06 61,533 6.02
22,800 1,128,611 98.31 79,839 6.95
II30,758 1,206,271 97.92 102,969 8.36
II51 ,301 1,446,071 99.11 135,756 9.30
67,643 1,599,521 100.82 142,473 8.98
II123,964 2,113,715 102.17 123,882 5.99
1
II
1
1
II
I
II -49-
I
1
ASSESSED AND ESTIMATED ACTUAL VALUE
OF TAXABLE PROPERTY II
CITY OF FRIENDSWOOD, TEXAS
II
Ten years ended September 30, 1983
REAL PROPERTY PERSONAL PROPERTY II
ESTIMATED ESTIMATED
FISCAL TAX ASSESSED ACTUAL ASSESSED ACTUALII
YEAR YEAR VALUE VALUE VALUE VALUE
1973-74 1973 $ 40,747,144 $ 67,945,240 $ 655,770 $1,092,950 I
1974-75 1974 58,605,740 97,676,230 1,364,990 2,274,980
1975-76 1975 68,820,840 114,701,400 1,138,450 1,897,420 II
1976-77 1976 79,476,130 132,460,220 1,225,050 2,041,750
II
1977-78 1977 87,796,960 146,328,267 1,738,760 2,897,933
1978-79 1978 98,489,560 164,149,267 2,062,730 3,437,883 1
1979-80 1979 105,509,070 175,848,450 2,242,850 3,738,083
1980-81 1980 ** ** ** ** 11
1981-82 1981 ** ** ** **
11
1982-83 1982 ** ** ** **
II
11
* Assessment ratio increased to 100% in 1980.
11
** Information not available
II
II
1
-50- I
II
EXHIBIT V
II
1
1
TOTAL RATIO OF
II
ESTIMATED ASSESSED TOTAL ASSESSED VALUE
ASSESSED ACTUAL VALUE OF TAXABLE ASSESSED TO ESTIMATED
VALUE VALUE EXEMPTIONS VALUE ACTUAL VALUE
I $ 41 ,402,914 $ 69,038,190 $126,690 $ 41 ,276,224 60%
59,970,730 99,951 ,210 139,005 59,831,725 60
1 69,959,290 116,598,820 474,790 69,484,500 60
1 80,701,180 134,501 ,970 581 ,095 80,120,085 60
89,535,720 149,226,200 671 ,810 88,863,910 60
II100,552,290 167,587,150 573,900 99,978,390 60
107,751,920 179,586,533 633,440 107,118,480 60
1 188,269, 162 188,269,162 ** ** 100 *
' 204,706,323 204,706,323 ** ** 100 *
281 ,471,701 281 ,471 ,701 ** ** 100 *
II
II
II
II
1
1
I -51-
1
1
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED
VALUE AND NET BONDED DEBT PER CAPITA 1
CITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1983 1
1
GROSS LESS DEBT
FISCAL ASSESSED BONDED SERVICE
YEAR POPULATION VALUE DEBT FUNDSII
1973-74 6,797 $ 41,402,914 $4,032,000 $ 28,889 II1974-75 7,480 59,970,730 4,026,000 36,061
1975-76 8,281 69,959,290 3,942,000 117,183 I
1976-77 9,016 80,701 ,180 3,906,000 107,035
1977-78 10,094 89,535,720 5,133,000 146,773 1
1978-79 10,301 100,552,290 5,417,000 122,363
1979-80 10,719 107,751 ,920 5,354,000 117,551 II
1980-81 11,169 188,269, 162 5,217,000 143,168 1
1981-82 11,770 204,706,323 6,560,000 145,075
1982-83 12,530 281 ,471 ,701 6,470,500 153,535 1
1
1
1
1
1
1
-52- 1
1
11
EXHIBIT VI
I
1
RATIO OF NET
NET BONDED DEBT
BONDED TO ASSESSED NET BONDED DEBT
DEBT VALUE % PER CAPITA
$4,003,111 9.7% $588.95
3,989,939 6.7 533.41
3,824,817 5.5 461 .88
3,798,965 4.7 421 .36
1 4,986,227 5.6 493.98
5,294,637 5.3 513.99
1 5,236,449 4.9 499.49
5,073,832 2.7 454.28
6,414,925 3.1 545.02
6,316,965 2.2 504.15
1
1
I
1
11 -53-
i
1
TAX RATE DISTRIBUTION FOR DEBT SERVICE EXHIBIT VII
CITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1983
i
GENERAL DEBT SERVICE TOTAL TAX
1 TAX YEAR FUND FUND RATE
1973 $ .792 $ .108 $ .90
1974 .854 .246 1.10
1975 .876 .324 1.20
1976 .787 .413 1.20
1 1977 .813 .337 1.15
1978 .921 .229 1.15
1 1979 .897 .253 1.15
1980 .5311 .2434 .775 - A
1 1981 .53 .245 .775 - A
1982 .4835 .2515 .735 - A
1 NOTE A - Assessment ratio was increased to 100% of market value
in 1980.
1
1
1
1
-54-
I
I
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT VIII
I FOR DIRECT TAX SUPPORTED DEBT TO TOTAL
GENERAL GOVERNMENTAL EXPENDITURES
ICITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1983
I RATIO OF DEBT SERVICE
TOTAL TOTAL TO TOTAL GENERAL
FISCAL DEBT GENERAL GOVERNMENTAL
IIYEAR PRINCIPAL INTEREST SERVICE EXPENDITURES EXPENDITURES
1973-74 $ 15,004 $ 32,002 $ 47,002 $ 690,677 6.81%
II1974-75 23,000 100,191 123,191 862,495 14.28
1975-76 49,000 102,053 151 ,053 1,126,989 13.40
1 1976-77 41,000 99,810 140,810 1,297,217 10.85
I1977-78 58,000 100,108 158,108 1,524,721 10.37
1978-79 56,000 216,800 272,800 2,290,996 11.91
II
1979-80 78,000 196,096 274,096 2,458,212 11 .15
1980-81 99,336 203,396 302,732 2,694,794 11.23
1 1981-82 110,631 303,809 414,440 3,056,539 13.56
1 1982-83 123,759 373,646 497,405 3,684,230 13.50
I
I
I
I
1
I
I -55-
II
1
SCHEDULE OF REVENUE BOND AND COMBINATION
REVENUE AND TAX BOND COVERAGE II
CITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1983 1
OPERATING NET OPERATING '
NUMBER NUMBER EXPENSES REVENUE
FISCAL OF WATER OF SEWER OPERATING BEFORE AVAILABLE FOR
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICE
11
1973-74 1,942 1,942 266,127 184,570 81 ,557
1974-75 2,137 2,137 230,598 172,086 58,512 I
1975-76 2,366 2,366 319,610 247,445 72,165
1976-77 2,576 2,576 459,720 298,424 161,296 II
1977-78 2,884 2,884 584,339 378,552 205,787
1978-79 3,086 3,020 674,803 501,029 173,774 II
1979-80 3,086 3,020 877,947 564,500 313,447 1
1980-81 3,215 3,048 1,109,296 753,350 355,946
1981-82 3,388 3,212 1,134,886 765,498 369,388 II
1982-83 3,659 3,430 1,450,044 861,935 588,109
11
II
1
11
1
1
-56- II
1
11 EXHIBIT IX
1
II
1 REVENUE BOND COMBINATION REVENUE & TAX BONDS DEBT
DEBT SERVICE REQUIREMENTS DEBT SERVICE REQUIREMENTS DEBT SERVICE SERVICE
PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL REQUIREMENTS COVERAGE
1 10,000 42,200 52,200 10,000 190,025 200,025 252,225 .32
' 10,000 41 ,550 51 ,550 25,000 189,525 214,525 266,075 .22
15,000 40,738 55,738 35,000 173,725 208,725 264,463 .27
' 15,000 39,762 54,762 40,000 157,075 197,075 251 ,837 .64
15,000 38,788 53,788 45,000 154,200 199,200 252,988 .81
I15,000 37,812 52,812 45,000 150,900 195,900 248,712 .70
II215,000 88,908 303,908 45,000 147,600 192,600 496,508 .63
65,000 84,552 149,552 50,000 144,300 194,300 343,852 1.04
II70,000 99,005 169,005 60,000 201 ,270 261 ,270 430,275 .86
70,000 91 ,113 161 ,113 60,000 134,118 194,118 355,231 1.66
II
I
II
II
II
II
II
I
-57-
II
II
SCHEDULE OF INSURANCE IN FORCE
CITY OF FRIENDSWOOD, TEXASII
September 30, 1983
11
INSURER POLICY NO. COVERAGE AMOUNT
FIRE I
American Economy ME42-026-064 Fire, EC, V&MM Library $340,000 Bldg.
Insurance Company Building 396,500 Content"
St. Paul Mercury 142RD5526 Fire, EC, V&MM Public $168,000 Bldg.
Insurance Company Works Building 46,000 Content"
St. Paul Guardian 142EA1537 Fire, EC, V&MM Fire $242,000 Bldg.
Insurance Company Station #1 26,400 Content
2,200 Antenna,
Aetna Insurance 61FP729925 Fire, EC, V&MM Blanket $384,400
Company on all Building andII
Contents City Hall
St. Paul Mercury 142RD5528 Fire, EC, V&MM $ 27,500 Bldg. II
Insurance Co. Counseling Center 11,000 Content
St. Paul Mercury 142RD5527 Fire, EC, V&MM $ 86,400 Bldg. 11
Insurance Co. Fire Station #2
LIABILITY
St. Paul Insurance 542TG8287 Comprehensive General II
Company Liability
Comprehensive Auto
Liability $300,000 BI II
Physical Damage 5,000 PD
St. Paul Mercury 342ZD9007 Contractor's Equipment $124,620 I
Insurance Company
St. Paul Insurance 542TK8947 Open Stock Burglary $ 3,00011
Company Coverage on Public
Works
St. Paul Mercury 342ZE3350 Liability & Physical $300,000 BI II
Insurance Co. Damage - Boats & Equip. 5,000 PD
National Flood FL1932137639 Flood - Library Bldg. $163,400 1
Insurance Contents 100,000
National Flood FL1940990565 Flood - Pub. Wks. Bldg. $146,400
II
Insurance Contents 34,800
Lincoln Insurance LGLA-0028611 Ambulance Drivers, $500,000 Comb. 11
Company Attendants Malpractice
-58-
' EXHIBIT X
1
CO-INSURANCE BEGINS TERM PREMIUM
80% 1-05-83 1 yr. $ 1 ,542
80% 4-10-83 1 yr. 2,015
I
80% 3-24-83 1 yr. 1 ,144
I
90% 10-01-83 1 yr. 2,002
I
80% 4-16-83 1 yr. 199
80% 4-16-83 1 yr. 1,283
' - 12-1-82 1 yr. 58,489
' - 12-1.-82 1 yr. 4,164
60% 8-2-83 1 yr. 118
- 8-8-83 1 yr. 237
' - 8-3-83 1 yr. 508
- 2-6-83 1 yr. 204
- 11-2-82 1 yr. 627
-59-
II
II
SCHEDULE OF INSURANCE IN FORCE - 2
I
11
INSURER POLICY NO. COVERAGE AMOUNT
LIABILITY - continued I
National Flood FL2-001256227 Flood - Fire Station #1
Insurance Building $220,000 I
Contents 23,100
National Flood FLZ001944988 Flood - Counseling Center IIInsurance Building $ 25,000
Contents 10,000
ACCIDENT II
American States MP4407 Volunteer Firemen -
Insurance Co. Accidental Death $ 25,000
II
Medical 5,000
Disability 7,800
WORKERS' COMPENSATION 1
TML Workers' A0478 Statutory
Compensation Fund11
FIDELITY
St. Paul Mercury TX 2444 Notary Bond II
Company
Aetna Casualty and 61S35126 Bond - Director of 1
Surety Company Finance $ 10,000
Aetna Casualty and 1
Surety Company 61S22939 Bond - City Manager $ 10,000
Aetna Casualty and 61S35538 Bond - Building Inspector $ 2,000
II
Surety Company
Aetna Casualty and 61S25187 Bond - Tax Assessor $ 50,000
Surety Company
II
St. Paul Insurance 400FL8623 Blanket Bond $ 10,000
Company 1
II
-60- f
I
I
I
CO—INSURANCE BEGINS TERM PREMIUM
I
I -- 2-22-83 1 yr. $ 350
I - 4-27-83 1 yr. 245
I
— 3-27-83 1 yr. 1,253
I
I
— 10-1-82 1 yr. 35,041
I — 2-4-81 4 yrs. 48
I — 6-15-83 1 yr. 35
I - 5-16-83 1 yr. 50
I - 2-01-83 1 yr. 30
I - 11-29-82 2 yrs. 463
— 10-01-82 1 yr. 233
I
I
I —61—
I
IIPRINCIPAL TAXPAYERS EXHIBIT XI
II
CITY OF FRIENDSWOOD, TEXAS
September 30, 1983
IIPERCENT OF
ASSESSED VALUE
I ASSESSED TO TOTAL
NAME OF TAXPAYER NATURE OF BUSINESS VALUE ASSESSED VALUE
Ii . Crown Central
Petroleum Petroleum $20,482,790 7.28%
2. Southwestern Bell
11 Telephone Utility Co. 9,043,610 3.21
3. Exxon Petroleum 4,689,060 1 .67
I4. Amoco Petroleum 3,616,960 1.29
I 5. Texas Commerce Bank -
Friendswood Bank 3,245,990 1.15
6. Texas New Mexico
IIPower Utility Co. 2,804,350 1.00
7. Ralph Lowe Investments 1,952,820 .69
I8. Salem Square
Apartments Apartments 1,682,610 .60
I9. Friendswood
Country Club Recreation 1,551,360 .55
I 10. C. B. Institu-
tional Processing 1,443,780 .51
II
$50,513,330 17.95%
I
I
I
I
I -62-
II
PRINCIPAL OFFICIALS II
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1983
ELECTIVE I
CITY OFFICIALS ADDRESS POSITION
Ralph Lowe 1605 S. Friendswood Dr. Mayor 11
Leon Brown 314 S. Friendswood Dr. Councilman - Position No. 1
Robert Wicklander 1109 Myrtlewood Councilman - Position No. 2
Evelyn B. Newman 502 Falling Leaf Councilwoman - Position No. 3
Paul W. Schrader 504 Liberty Circle Councilman - Position No. 4
Jan Jordon 504 Pilgrim Councilwoman - Position No. 5
Bruce Branham 202 Ron Circle Councilman - Position No. 6 II
DEPARTMANT HEADS APPOINTIVE POSITION 1
James C. Morgan 207 Chelsea Lane City Manager
David Quick 406 Glenlea Director of Finance
Joseph M. Wright 204 E. Heritage Police Chief11
Melvin Meinecke 1602 Dallas, So. Houston Director of Public Works
Luis Suarez 723 Main Suite 707, Houston Judge - Municipal Court
Nick Capuano 4212 Lucian, Friendswood Building Inspector 11
Vance Riley P.O. Box 5957, Coll. St. Fire Marshal
Dr. Richard Conway 505 Friendswood Dr. Health Officer
II
Alta Carbone P.O. Box 31 , Friendswood Tax Assessor - Collector
Bobbie C. Henry 2701 Bay Area Blvd. , #2707 City Secretary
Larry Schenk 3485 Capital Bank Plaza,
Houston City AttorneyII
Cecil Chance 207 Brandywyne Water and Sewer Superintendent
Kenneth Camp 203 Shady Nook Civil Defense Director
Phyllis S. Lee 508 Belmont Dr. Parks & Recreation Director I
1
II
II
II
I
-63- '
F
I! EXHIBIT XII
r
TERM AMOUNT OF
® EXPIRES SURETY BOND
ii April, 1984 NONE
April, 1984 NONE
1 April, 1985 NONE
April, 1984 NONE
April, 1985 NONE
April, 1984 NONE
April, 1985 NONE
I
10,000
10,000
10,000
10,000
' 10,000
2,000
NONE
' NONE
50,000
10,000
NONE
10,000
NONE
' 10,000
I
r
I
I
-64-